This is an archived release.
Unchanged industrial turnover
Seasonally-adjusted figures showed that the total turnover in Norwegian manufacturing was almost unchanged from the first quarter of 2011 to the second quarter of 2011.
The turnover in Norwegian manufacturing fell by 3.1 per cent within the domestic market during the second quarter, while there was an increase by 3.8 per cent in the export market, according to seasonally-adjusted figures. One of the major contributors to the fall was refined petroleum, chemicals and pharmaceuticals, which reduced its turnover by 5.3 per cent. Lower prices within this industry contributed to this result. See the Producer price index . Basic metals dropped 3.6 per cent and the reason was a fall in both price and production volume this second quarter. In addition machinery and equipment decreased its turnover by 4.7 per cent.
On the other hand, industries with increased turnover included food products, up by 3.5 per cent, and fabricated metal products, with an 8.1 per cent increase. A higher production volume within these two industrial groups explains this tendency in the second quarter of 2011, see the Index of production
Fall in turnover from May to June 2011
Seasonally-adjusted figures showed that the turnover in Norwegian manufacturing went down by 5.5 per cent from May to June this year. The largest contributors to this were refined petroleum, chemicals and pharmaceuticals, down 17.3 per cent. Also machinery and equipment as well as basic metals showed a lower turnover; a decrease of 14.7 and 8.9 per cent respectively.
Decrease in turnover from June 2010
Unadjusted figures showed that the total manufacturing turnover fell by 5.9 per cent since the same month last year. The home market fell by 11.4 per cent; conversely figures for the export marked showed a 4.3 per cent increase.
Norway and the euro area
Unadjusted figures show that the Norwegian manufacturing turnover went up 7.9 per cent from May 2010 to May 2011. Manufacturing turnover in the euro area went up 18 per cent in the same period, according to figures published by Eurostat .
|Changes in per cent.
|Changes in per cent.
|Changes in per cent.
January 2011-March 2011-
April 2011-June 2011
|The overall turnover||776 554||5.5||122 067||-3.5||-2.6|
|Extraction and related services||318 651||13.2||46 435||-0.8||-3.7|
|Manufacturing, mining and quarrying||377 047||0.6||66 706||-5.7||0.3|
|Domestic market||222 117||-4.5||40 666||-11.3||-3.1|
|Export market||154 929||9.2||26 040||4.5||3.7|
|Electricity, Gas and Steam Supply||80 856||1.2||8 926||0.5||-6.7|
|Main industrial groupings|
|Intermediate goods||180 285||12.8||33 204||5.6||0.9|
|Capital goods||98 320||-15.7||17 183||-19.3||-2.2|
|Consumer goods||93 470||0.3||16 537||-2.7||2.8|
|Energy goods||404 480||10.4||55 144||-2.8||-5.7|
From manufacturing to services in oil and gas extraction
As from January 2011, several enterprises have been reclassified from manufacturing to service activities in oil and gas extraction in the Central register of establishments and enterprises. As a result, these establishments have been moved from manufacturing to extraction and related services in the statistics on turnover. These changes have also been incorporated into the population that is used to inflate the sample to total turnover in the various industries. Read more about the changes in the annual statistics for oil and gas activity .
Changes in population basis
Turnover from auxiliary enterprises and financial holding companies is excluded from the defined population for the monthly statistics on turnover. This is in accordance with forthcoming changes in the publication of annual manufacturing statistics.
Interpretation of seasonally-adjusted figures
In order to facilitate the interpretation of the short-term development, statistics on turnover publishes three-month moving averages of the seasonally-adjusted figures. We normally compare the latest non-overlapping three-month periods (for instance January to March compared with April to June).
The response rate in the survey for June 2011 is somewhat lower than normal due to vacation in the Norwegian enterprises.
The relationship between production and turnover
The development in the turnover can be related to changes in both volume and prices in the different industries. Production to stocks and sales from stocks can also happen. Reporting during large deliveries of capital goods can contribute to differences in the development in the index of production and the statistics on turnover.
Find detailed figures from Turnover in oil and gas, manufacturing, mining and electricity supply